German exports bounce back

The boost for Germany’s export-driven economy came despite a collapse in trade with Russia over recent months


REUTERS June 04, 2022

BERLIN:

German exports rose more than forecast in April, as Europe’s biggest economy relied on trade with the United States and the euro area to recover from the initial impact of the war in Ukraine, government data showed on Friday. Exports rose 4.4% from the previous month, the Federal Statistical Office said, almost three times the 1.5% increase predicted by economists in a Reuters poll. In March, exports had fallen by 3%. The boost for Germany’s export-driven economy came despite a collapse in trade with Russia over recent months due to severe sanctions imposed by the West in a bid to punish Moscow for its invasion of Ukraine. Exports from Germany to Russia dropped 10% in April after plummeting 60% in March, the statistics office said.

Published in The Express Tribune, June 4th, 2022.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

Most Read